President Biden confessed Thursday that there’s “a hell of a lot more work to do” to tame inflation and boost the economy — as he delivered an error-ridden speech including a false claim that he hadn’t met Federal Reserve chairman Jerome Powell.

The president said he was not declaring victory over inflation, but marking a pivot point for the recovery from pandemic recession.

President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased.